Malta Residency for Investors: Benefits & Requirements

Malta offers a high standard of living, a safe environment, and a well-established legal framework. The country has a solid reputation for its business-friendly environment, as well as its healthcare and education systems.

Malta Permanent Residence Program

The Malta Permanent Residence program offers individuals and families the opportunity to obtain permanent residency by making a qualifying investment. The main investment requirements include a non-refundable contribution to the Maltese Government, a property purchase or lease, and charitable donation.

To apply for the Malta MPRP, applicants must meet several key requirements:
1. Rent real estate for at least €14,000 per annum or buy a property for at least €375,000 for a property situated in Malta or Gozo.
2. Application administrative fee. Investors pay €15,000 as an initial payment and €35,000 at the final stage, regardless of whether they choose to buy or rent property.
3. Government contribution. Investors must make a one-time, non-refundable contribution of €30,000 to the government if purchasing property, or €60,000 if renting.
4. Donation to a non-governmental organisation. An additional donation of €2,000 is required to a local NGO. This donation contributes to social projects in Malta.
5. Proof of funds. Applicants need to demonstrate assets worth at least €500,000, with €150,000 in liquid financial assets. This ensures that applicants have sufficient financial stability to support themselves and their families.

Malta Global Residence Program

The Malta Global Residence program (GRP) is designed for non-EU nationals who want to gain residency in Malta by making a financial investment. This program offers favourable tax treatment and allows for a more flexible residency option compared to the Permanent Residence program.

Requirements:
1. Minimum property rent: Applicants must lease a property with an annual rent of €9,600.
2. Annual tax liability: A minimum tax liability of €15,000 must be paid to the Maltese government.
3. Investment: A financial investment in the country, such as purchasing government bonds or stocks, is also required.
4. Health insurance: Applicants must show proof of health insurance for themselves and their dependents.

Malta Residence Application Process

Step 1 - Initial consultation: Begin by consulting with a legal or immigration advisor to ensure eligibility and determine which program is most suitable for your needs.

Step 2 - Submit application: Once the decision has been made, the application process involves submitting relevant documentation, including proof of funds, property details, and health insurance.

Step 3 - Due Diligence: Malta conducts a thorough Due Diligence process to assess applicants. This process includes background checks, financial assessments, and verification of the source of funds.

Step 4 - Investment: After approval, applicants must proceed with the required investments: property purchase/lease, contribution, and financial investments.

Step 5 - Issuance of residence permit: Once all requirements are fulfilled, the residence permit is issued, granting the applicant and their family members the right to live in Malta and travel within the Schengen Area.

Conclusion

Malta’s residency programs offer a clear path for wealthy individuals to gain access to Europe while enjoying the benefits of living in a stable and attractive country. Whether through the Malta Permanent Residence program or the Malta Global Residence program, applicants can enjoy tax incentives and a high quality of life. If you are considering Malta as your next residence destination, contacting a professional advisor will help ensure a smooth application process and successful outcome.